China

China Raises Bank Reserve Ratios to Counter Inflation February 18, 2011, 7:11 AM EST More From Businessweek * China Increases Retail Fuel Prices after(prenominal) Crude Rises Above $100 * G-20 Agrees Yardsticks on mental unsoundnesss as U.S Seeks yuan Leverage * China Fights Against Wests Economic recipe at G-20 * G-20 Stung by Faster Inflation Amid Imbalance Dispute * China Home Prices Rise in approximately Cities, Defying Curbs Story Tools * e-mail this story * print this story * * 0diggsdigg * add to Business Exchange By Bloomberg News (Adds yuans gain against dollar in ninth paragraph.) Feb. 18 (Bloomberg) -- Chinas central patois raised reserve requirements for lenders 10 days after boosting occupy rank as Premier Wen Jiabao tackles accelerating inflation and the encounter of asset bubbles in the fastest-growing major economy. Reserve ratios will plus half a percentage point starting Feb. 24, the stacks Bank of China express on its website forthwith in a one-sentence statement. The move will lock up about 360 billion yuan ($55 billion), Barclays Capital tell. impart surged in January and inflation quickened as new home prices blush wine in all but two of 70 cities monitored by the government, official reports showed this week.

Central bank Governor Zhou Xiaochuan said policy makers may also use means including rates and currency to tackle inflation, in an interview in genus Paris after todays announcement. China has a weighed down liquidity and inflation problem that is, even with this latest alter, get further ahead of policy makers, said Glenn Maguire, chief Asia economic expert at Societe Generale SA in Hong Kong. The Stoxx Europe 600 Index dropped 0.2 percent at 6:40 a.m in New York, while precedent & Poors Index futures slipped 0.1 percent. Just the jumping This is just the start from China and they will continuing tightening lending and raising interest rates, doing their utmost to contain this, said Philippe Gijsels, the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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